This is the third day in a row where SPX found support in the morning and recovered into the afternoon. In the prior two attempts, bears used that recovery to sell into. Will today be a repeat or different? I favor different as the idea of a recovery into the July 4th holiday makes sense to me. I don’t have much of an issue with it being slow as we have all of next week to climb in. 4377 SPX is the number to beat.
Not much to say about bonds. Being stubborn, not able to get over 128^15 but not able to push to a new swing low.
It is my turn to be stubborn in crude oil as I think it premature to give up on a recovery through next week. There was a brief spike under the 68.50 support but recovered and almost back to 69.40.
Have a good weekend!